14MB - Pirelli

Five-year summary of selected consolidated
financial data
IAS/IFRS (in milions of Euro)
2008 2007 2006 2005 2004
Net sales 4,660 6,076 4,841 4,546 3,967
Net sales (excluding DGAG)* 4,660 4,780 4,841 4,546 3,967
Gross operating profit 252 573 614 568 470
Operating profit 43 364 401 355 269
Operating profit (loss) including earning (losses) from investments (323) 513 1,192 622 425
Total income (loss) (413) 324 (1,049) 399 304
Income (loss) attributable to the equity holders
of Pirelli & C. S.p.A (348) 165 (1,167) 327 251
Earnings per share (in Euros) (0.06) 0.03 (0.22) 0.07 0.07
Fixed assets 3,665 3,815 6,924 7,624 6,097
Net working capital 418 298 463 (48) 464
Net invested capital 4,083 4,113 7,387 7,576 6,561
Equity 2,374 3,804 4,687 5,614 3,841
Provisions 681 611 720 785 1,119
Net financial (liquidity)/debt position 1,028 (302) 1,980 1,177 1,601
Equity attributable to the equity holders
of Pirelli & C. S.p.A. 2,172 2,980 3,880 5,205 3,502
Equity per share (in Euros) 0.40 0.56 0.72 0.98 1.01
Net cash flows provided by (used for) operating activities 76 554 473 467 349
R&D expenditures 156 173 171 174 171
Depreciation 199 214 201 197 182
Capital expenditures 311 287 255 234 211
Gross operating profit/Net sales* 5.41% 11.99% 12.68% 12.49% 11.85%
Operating profit/Net sales * - ROS 0.93% 7.62% 8.28% 7.81% 6.78%
Income / equity** - ROE (13.35%) 7.63% (20.37%) 7.38% 5.77%
Operating profit / Net invested capital** - ROI 1.05% 6.33% 5.36% 5.02% 4.13%
Operating profit (post-investments)/ Net invested capital** (7.89%) 8.92% 15.93% 8.80% 6.52%
Net financial position / Equity - gearing 0.43 n.s. 0.42 0.21 0.42
Capital expenditures / Depreciation 1.56 1.34 1.27 1.19 1.16
R & D expenditures / Net sales* 3.35% 3.62% 3.53% 3.83% 4.31%
Net sales* per employee (in thousands of Euros) 148 155 172 173 162
Pirelli & C. S.p.A. Ordinary shares (no. in millions) 5,233.1 5,233.1 5,233.1 5,180.7 3,327.5
Pirelli & C. S.p.A. Savings shares (no. in milllions) 134.8 134.8 134.8 134.8 134.8
Total Pirelli & C. S.p.A. shares (no. in millions) 5,367.9 5,367.9 5,367.9 5,315.5 3,462.3
Treasury ordinary shares (no. in millions) 3.9 2.6 2.6 2.6 2.6
Treasury savings shares (no. in millions) 4.5 - - - -
Factories 23 24 24 24 74
of which discontinued operations - - - - 52
Employees (at 12/31) 31,056 30,823 28,617 26,827 24,790
of which temporary employees 2,913 3,642 3,479 3,102 2,721
* On net sales excluding DGAG
** Average amount
ANNUAL FINANCIAL REPORT 2008
9